La tendencia general es fuertemente bajista, tenemos un punto a favor por ese lado, luego del rompimiento de la tendencia en H1 claramente se ve que el mercado va tocar el precio que indica el soporte marcado en el barra celeste
Pair: AUDCHF Prediction: Short / Sell
AUDCHF has almost completed a retest to the broken resistance, therefore we'll be looking to short this pair from the resistance...
Pair: AUDCHF Prediction: Buy / Long Target: 0.71400
I 'm expecting the price to hit the S/R zone and if it shows bearish signs I believe it will only go down by 50 pips. Whereas, if it breaks the zone (which is what I'm predicting) I will enter and expect it to reach 0.70407 which will be my TP. I'm bullish biased with this pair because having a look at the chart in 1W short bulllish signs.
Pair: AUDCHF Prediction: Long / Buy
Pair: AUDCHF Prediction: Sell / Short Target: 0.68800
Pair: AUDCHF Prediction: Sell / Short Target: 0.70400
We see the formation of 2 harmonic shark patterns, big (blue) and small (pink). This signaled us to buy trading the 4th leg of the shark patterns. The small one completes @ 0.7109, which is our target and where we will close our position in profit. OANDA:AUDCHF
Pair: AUDCHF Prediction: Sell / Short Target: 0.70400
The price made a double bottom and now, already have a higher high. Just broke the down trend line and the lower time frame resistance. I`m waiting for correction to go long!
Pattern confirmed tp1: 0.7259 tp2: 0.7314 sl: 0.7143
AUDCHF has been in a steady uptrend since 24/08/15. The 50% retrace could be a good opportunity for a long position. Only if it bounces strongly off of it at .765. This pair is currently retracing a drop from .87. Good TP could be .79, which is the 38.2 point.